Bank of America Adjusts Stake in easyJet

easyJet PLC announced a significant change in its shareholder structure, involving Bank of America Corporation. As of May 13, 2024, Bank of America has adjusted its holdings in easyJet, crossing a notable threshold that prompted a regulatory notification. According to the TR-1 notification form, easyJet, a UK-based issuer with the ISIN code GB00B7KR2P84, reported these changes on May 15, 2024.

The total voting rights held by Bank of America in easyJet after the adjustment are 9.997588%, combining direct and indirect voting rights, which now stand at 2.599489% and 7.398099% respectively. This resulted in a total of 75,782,714 voting rights. The notification also details the types of financial instruments involved, including physical swaps and options which contribute to the indirect voting rights.

This adjustment reflects a slight decrease from the previous notification, where the total voting rights were listed as 10.854783%. The change underscores the dynamic nature of major holdings in large corporations like easyJet and indicates strategic modifications in Bank of America's investment portfolio.